Explanation:
The journal entries are as follows in the books of Concord Corporation
On June 10
Merchandise inventory A/c Dr $8,050
To Account payable A/c $8,050
(Being the inventory is purchased on account)
On June 11
Merchandise inventory A/c Dr $510
To Cash A/c $510
(Being freight is paid by cash)
On June 12
Accounts payable A/c Dr $450
To Merchandise Inventory A/c $450
(Being goods returned is recorded)
On June 19
Accounts payable A/c Dr $7,600 ($8,050 - $450)
To Cash A/c $7,524 ($7,600 × 1%)
To Merchandise Inventory A/c $76
(Being payment is recorded)
Answer:
The economy
Explanation:
The external environment refers to the outside factors that can affect an organization's operations. One of those factors is the economy as changes on things like exchange rates, interest rates and taxes can provide opportunities or create threats for a company. According to this, the answer is that this represents the influence of the economy in the external environment on the organization as the increase on the interest rates didn't allow the company to borrow the money to build the plant.
It’s the first one, Command then Mixed then Market
Answer:
Demand for home repair and building supply is INCOME ELASTIC
Explanation:
One reason why many ethical home repair and building supply businesses continue to charge pre-hurricane prices to their customers, even though due to the huge increase in demand they could charge much more. These firms probably recognize that demand for home repair and building supply is INCOME ELASTIC.
Although there was no direct fall in income however the loss of property means a negative impact on already earned income. Hence charging higher prices because of higher demand will be a misunderstanding of the income elasticity of demand.
Answer:
C. Sleeping in late and waking up early.
Explanation:
Two or more events are said to be mutually exclusive if and only if they can't happen at the same time.
Going with the above brief analysis, we.can easily say which of the pair of events is not mutually exclusive.
1. Rolling a 4 on a six-sided die and on a four-sided die
It's 100% possible to have an outcome of 4 when a 4 sided die and when a 6 sided die are rolled, whether at the same time or on different occasions. So, this pair of events are not mutually exclusive
2. Making rice and making corn
This pair of events are not mutually exclusive because it's possible to make rice and corn at the same time either together as a meal or separately using different cooking utensils
3. Sleeping in late and waking up early
This pair of events are mutually exclusive. This is so because literally, it's not possible to sleep late and wake up early at the same time.
You sleep early to wake early and you sleep late to wake late.
4. Going to work and riding the bus.
This pair of events are not mutually exclusive because they can occur at the same time when you go to work a bus.
So, option C is the correct answer
